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§ 2-401. Permit required to operate a business practicing certified public accountancy

West's Annotated Code of MarylandBusiness Occupations and ProfessionsEffective: October 1, 2019

West's Annotated Code of Maryland
Business Occupations and Professions
Title 2. Accountants (Refs & Annos)
Subtitle 4. Permits (Refs & Annos)
Effective: October 1, 2019
MD Code, Business Occupations & Professions, § 2-401
§ 2-401. Permit required to operate a business practicing certified public accountancy
Currentness
Firm with office in State, attest services
(a) A firm shall hold a permit issued by the Board if the firm:
(1) has an office in this State that performs attest services as defined in § 2-101(c) of this title; or
(2) has an office in this State that uses the title “CPA” or “CPA firm”.
Firm without office in State
(b) A firm that does not have an office in this State may perform attest services as defined in § 2-101(c) of this title for a client in this State without a permit if the firm:
(1) meets the application and peer review requirements under §§ 2-402, 2-402.1, and 2-403 of this subtitle and § 2-4A-02 of this title; and
(2) performs services through an individual with a practice privilege under § 2-321 of this title in the state where the individual with a practice privilege retains a principal place of business.
Duty of Board to grant or renew a permit
(c) The Board shall grant or renew a permit to practice as a CPA firm to a partnership, limited liability company, or corporation that demonstrates its qualifications in accordance with this section.
Services allowed without a permit
(d) If a firm does not meet the requirements of this section, the firm may perform professional services other than attest services while using the title “CPA” or “CPA firm” in this State without a permit, if the firm:
(1) performs those services through an individual with a practice privilege provided under § 2-321 of this title; and
(2) performs those services in the state where the individual with a practice privilege retains a principal place of business.

Credits

Added by Acts 2008, c. 536, § 1, eff. Oct. 1, 2008. Amended by Acts 2009, c. 220, § 1, eff. June 1, 2009; Acts 2010, c. 72, § 1, eff. April 13, 2010; Acts 2011, c. 228, § 1, eff. Oct. 1, 2011; Acts 2011, c. 229, § 1, eff. Oct. 1, 2011; Acts 2019, c. 329, § 1, eff. Oct. 1, 2019; Acts 2019, c. 330, § 1, eff. Oct. 1, 2019.
MD Code, Business Occupations & Professions, § 2-401, MD BUS OCCUP & PROF § 2-401
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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